News Corporation has announced a repurchase program for up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock. The total number of +securities on issue in the class of +securities to be bought back is 375,408,632, and the Company may purchase up to an aggregate of US$1 billion of Class A common stock and Class B common stock.
The total number of +securities bought back or in relation to which acceptances have been received is 22,273,258, with a total consideration paid or payable for the +securities of US$458,762,557.45. The highest price paid for the securities was US$30.69, and the lowest price paid was US$14.88.
As of the previous day, the company is authorized to acquire up to an aggregate of US$1 billion of the Company’s Nasdaq-listed Class A common stock and Class B common stock, and to date, the company has purchased approximately US$693,508,507.83 worth of Class A and Class B shares (based on total consideration paid).
The anticipated date of the buy-back is 22/9/2021. Today the company's shares have moved -0.34% to a price of $29.369. For more information, read the company's full 8-K submission here.
